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Selected data from Komar Company follow. Balance Sheet As of December 31 2014 2013 Accounts receivable $ 394,000 $ 380,000 Allowance for doubtful accounts (19,700

Selected data from Komar Company follow.

Balance Sheet As of December 31
2014 2013
Accounts receivable $ 394,000 $ 380,000
Allowance for doubtful accounts (19,700 ) (15,200 )
Net accounts receivable $ 374,300 $ 364,800
Inventories, lower of cost or market $ 484,000 $ 436,000

Income Statement for the Years Ended December 31
2014 2013
Net credit sales $ 2,012,000 $ 1,758,000
Net cash sales 419,000 304,000
Net sales 2,431,000 2,062,000
Cost of goods sold 1,590,000 1,422,000
Selling, general, and administrative expenses 240,000 214,600
Other expenses 39,300 23,600
Total operating expenses $ 1,869,300 $ 1,660,200
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Required a. Compute the accounts receivable turnover for 2014. (Round your answer to 2 decimal places.) R Cuinpute the accountsreceivable tumover for 2014 (Round your answer to 2 decimal places) times Accounts receivable turnover b. Compute the inventory turnover for 2014. (Round your answer to 2 decimal places.) nventory turnover times c. Compute the net margin for 2013. (Round your answer to 2 decimal places. (i.e, 2345 should be entered as 23.45).) et margin

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